Esperanza Inc

Organization Overview

Esperanza Inc is located in Cleveland, OH. The organization was established in 1984. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 09/2021, Esperanza Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Esperanza Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 09/2021, Esperanza Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $1.9m during the year ending 09/2021. While expenses have increased by 1.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

ESPERANZA, INC.'S MISSION IS TO IMPROVE THE ACADEMIC ACHIEVEMENT OF HISPANICS IN GREATER CLEVELAND, OHIO BY SUPPORTING STUDENTS TO GRADUATE HIGH SCHOOL & PROMOTING POST-SECONDARY EDUCATIONAL ATTAINMENT.

Describe the Organization's Program Activity:

Part 3 - Line 4a

YOUTH LEADERSHIP PROGRAMS PROVIDE STUDENTS IN GRADE 6-12 WITH LEADERSHIP OPPOTUNITIES AND PROGRAMMING DESIGNED TO HELP STUDENTS ACHIEVE ACADEMICALLY AND IN LIFE. BY ENCOURAGING HEALTHY LIFE SKILLS THROUGH HANDS-ON DEVELOPMENT AND SERVICE ACTIVITIES, THESE REAL-WORLD EXPERIENCES OFFER VALUABLE LESSONS FOR CHILDREN AT CRITICAL POINTS IN THEIR LIVES. THE LEADERSHIP PROGRAMS INCLUDE THE HISPANIC YOUTH LEADERSHIP PROGRAM AND THE JUNIOR LEADERSHIP PROGRAM.


FAMILY ENGAGEMENT PROGRAM: BY WORKING WITH PARENTS, ESPERANZA EMPOWERS THEM TO BE THEIR CHILDREN'S "FIRST TEACHERS AND EDUCATES THEM ON NAVIGATING AND ENGAGING THE EDUCATIONAL SYSTEM.


THROUGH THE MENTORING AND TUTORING PROGRAM, ESPERANZA'S STAFF MATCHES STUDENTS WITH ADULTS BASED ON SIMILAR INTERESTS, FIELDS OF STUDY, OR CAREER PATHS. THE MENTORING AND TUTORING PROGRAM INCLUDES ESPERANZA'S LATINA LEADERSHIP ALLIANCE AND ESPERANZA'S LATINO LEADERS FOR AN OUTSTANDING SOCIETY.


SCHOLARSHIP AND OTHER PROGRAMS


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Board, Officers & Key Employees

Name (title)Compensation
Victor Ruiz
Excecutive Director
$139,836
Bobbi Jean Palumbo
President
$0
Carmen Castro-Rivera
1st Vice President
$0
Griselda Rondon
Treasurer
$0
Pablo Guevara
Secretary
$0
Pamela Hobe
2nd Vice President
$0

Financial Statements

Statement of Revenue
Federated campaigns$116,804
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $292,725
All other contributions, gifts, grants, and similar amounts not included above$1,414,121
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,823,650
Total Program Service Revenue$0
Investment income $27
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $164,241
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,023,703

Grants Recieved

Over the last fiscal year, we have identified 22 grants that Esperanza Inc has recieved totaling $708,319.

Awarding OrganizationAmount
Cleveland Foundation

Cleveland, OH

PURPOSE: IMPROVING HISPANIC EDUCATIONAL OPPORTUNITIES

$447,500
Nord Family Foundation

Amherst, OH

PURPOSE: CONTINUED SUPPORT OF THE POST-SECONDARY INTERNSHIP PROGRAM

$30,000
Treu Mart Fund

Cleveland, OH

PURPOSE: ACADEMIC ENRICHMENT AND SUPPORT PROGRAMS FOR HIGH RISK/HISPANIC YOUTH

$30,000
Higley Fund Of The Cleveland Foundation

Cleveland, OH

PURPOSE: ACADEMIC ENRICHMENT AND SUPPORT PROGRAMS FOR HIGH RISK/HISPANIC YOUTH

$25,000
William J & Dorothy K Oneill Foundation Inc

Cleveland, OH

PURPOSE: GENERAL OPERATING SUPPORT

$25,000
Abington Foundation

Cleveland, OH

PURPOSE: FOR THE HISPANIC YOUTH LEADERSHIP PROGRAM IN THE 2021-22 SCHOOL YEAR

$20,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$359,676
Earnings$77,053
Net Contributions$184,387
Ending Balance$621,116

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